Common use of Redenomination and Alternative Currencies Clause in Contracts

Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the National Currency Unit of a Subsequent Participant state shall be redenominated into the euro unit in accordance with EMU Legislation immediately upon such Subsequent Participant becoming a Participating Member State (but otherwise in accordance with EMU Legislation).

Appears in 7 contracts

Samples: Credit Agreement (Allotech International Inc), Credit Agreement (Allotech International Inc), Credit and Guarantee Agreement (Lear Corp Eeds & Interiors)

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Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the National Currency Unit national currency unit of a Subsequent Participant state shall be redenominated into the euro unit Euro in accordance with EMU Legislation legislation immediately upon such Subsequent Participant becoming a Participating Member State (but otherwise in accordance with EMU Legislation).

Appears in 6 contracts

Samples: Credit Agreement (Cardinal Health Inc), Credit Agreement (Cardinal Health Inc), Credit Agreement (Cardinal Health Inc)

Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the National Currency Unit national currency unit of a Subsequent Participant state shall be redenominated into the euro unit in accordance with EMU Legislation legislation immediately upon such Subsequent Participant becoming a Participating Member State (but otherwise in accordance with EMU Legislation).

Appears in 2 contracts

Samples: Assignment Agreement (Cardinal Health Inc), Credit and Guarantee Agreement (Lear Corp /De/)

Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the National Currency Unit national currency unit of a Subsequent Participant state Participating Member State shall be redenominated into the euro unit in accordance with EMU Legislation, provided that, if and to the extent that any EMU Legislation immediately upon such Subsequent Participant becoming provides that following 1 January 1999 an amount denominated either in the euro or in the national currency unit of a Participating Member State (but otherwise in accordance with EMU Legislation).State

Appears in 2 contracts

Samples: Agreement (Global Telesystems Inc), Agreement (Global Telesystems Europe B V)

Redenomination and Alternative Currencies. Each obligation ----------------------------------------------- under this Agreement of a party to this Agreement which has been denominated in the National Currency Unit national currency unit of a Subsequent Participant state shall be redenominated into the euro unit in accordance with EMU Legislation legislation immediately upon such Subsequent Participant becoming a Participating Member State (but otherwise in accordance with EMU Legislation).

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Exide Corp)

Redenomination and Alternative Currencies. Each ------------------------------------------------------- obligation under this Agreement of a party to this Agreement which has been denominated in the National Currency Unit national currency unit of a Subsequent Participant state shall be redenominated into the euro unit in accordance with EMU Legislation legislation immediately upon such Subsequent Participant becoming a Participating Member State (but otherwise in accordance with EMU Legislation).

Appears in 1 contract

Samples: Credit Agreement (Federal Mogul Corp)

Redenomination and Alternative Currencies. Each ----------------------------------------- obligation under this Agreement of a party to this Agreement which has been denominated in the National Currency Unit national currency unit of a Subsequent Participant state shall be redenominated into the euro unit in accordance with EMU Legislation legislation immediately upon such Subsequent Participant becoming a Participating Member State (but otherwise in accordance with EMU Legislation).

Appears in 1 contract

Samples: Credit Agreement (Federal Mogul Corp)

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Redenomination and Alternative Currencies. Each obligation (including each Obligation, Secured Obligation and Guarantied Obligation) under this Agreement or any other Loan Document of a party to this Agreement or any other Loan Document which has been denominated in the National Currency Unit of a Subsequent Participant participating member state shall be redenominated into the euro unit Euro Unit in accordance with EMU Legislation immediately upon such Subsequent Participant becoming a Participating Member State (but otherwise in accordance with EMU Legislation)legislation.

Appears in 1 contract

Samples: Credit Agreement (Euramax International PLC)

Redenomination and Alternative Currencies. Each ----------------------------------------- obligation under this Agreement of a party to this Agreement which has been denominated in the National Currency Unit national currency unit of a Subsequent Participant state shall be redenominated into the euro unit in accordance with EMU Legislation legislation immediately upon such Subsequent Participant becoming a Participating Member State (but otherwise in accordance with EMU Legislation)."

Appears in 1 contract

Samples: Borrowing Subsidiary Joinder Agreement (Exide Corp)

Redenomination and Alternative Currencies. Each obligation under this Agreement of a party to this Agreement which has been denominated in the National Currency Unit of a Subsequent Participant state shall be redenominated into the euro unit in accordance with EMU Legislation legislation immediately upon such Subsequent Participant becoming a Participating Member State (but otherwise in accordance with EMU Legislation).

Appears in 1 contract

Samples: Credit Agreement (Checkpoint Systems Inc)

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